Kennedy Funding Closes $1.815 Million Land Loan in Bloomfield Hills, Michigan

Kennedy Funding Closes $1.815 Million Land Loan in Bloomfield Hills, Michigan

Proceeds from the loan will be used to pay off the existing first mortgage on 31.32 acres of raw land in Bloomfield Hills, Michigan. Remaining proceeds
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What Is the Right of Rescission and How Long Do You Have to Rescind?

This right applies to refinancing loans, as well as to a home equity loan or line of credit (often referred to as a second mortgage). For a loan to qualify, the
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Janet Yellen isn't likely to immediately revive the Fed's expired relief programs, report says

Various Federal Reserve lending facilities left to expire under former Treasury Secretary Steven Mnuchin are likely to stay closed in the immediate
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A second mortgage gives you a loan or a line of credit, and the amount you can borrow depends …

A home equity loan and home equity line of credit are both types of second mortgages. Use the money from a second mortgage however you want, but
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Biden poised to break with Brown, progressives in picking top bank cop

Biden poised to break with Brown, progressives in picking top bank cop

President Joe Biden's expected nomination of a former Obama Treasury Department official to regulate national banks is triggering fierce opposition
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BIS international banking statistics at end-September 2020

The unwinding of central bank dollar swap lines, which had swelled intragroup positions in Q1, contributed to this decline. By contrast, claims on offshore
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People's United Bank plans to leave locations at CT Stop & Shops

“Although the Stop & Shop relationship has provided meaningful value to the Bank and our customers over the years, customer banking preferences and
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Chinese banks dispose of $467 billion soured assets in 2020, pressure remains

FILE PHOTO: A man rides an electric bike past the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China February
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Fitch Affirms JSC Kazakhstan Sustainability Fund at 'BBB'/Stable

The Kazakh housing financing market is dominated by state institutions. They are House Construction Savings Bank of Kazakhstan JSC (HCSB, BBB-/
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Why Banks Could Learn to Love Tougher Regulations

In fact, Begenau estimates, higher capital requirements in the United States would actually lead to more bank lending, more consumer spending, and
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Mortgage Rates Almost Back to Early January Levels

As the day progressed, bonds improved and lenders adjusted their offerings accordingly. By the afternoon, the average lender was in better territory than
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Alternative credit data, fair lending may take focus under Biden

Alternative credit data, fair lending may take focus under Biden. Among his first actions as president, Joe Biden signed an executive order to extend the
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Ask Millionacres: How Much Do I Need to Put Down on a Rental Property?

Asset-based lenders require at least 20% down for rental property loans — and that's assuming the property generates enough income to justify a loan
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Marshall County Public Library to lend mobile hotspots and laptops

“We are so glad to be able to offer a lending program like this to help bridge any digital divide due to lack of internet access at home,” Jones said. For
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Kalamazoo motel being transformed into apartments for those without homes

City leaders approved loans totaling $250,000 to help renovate Kalamazoo's Knights Inn motel and convert it into affordable housing for residents
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These are the five hottest – and three coldest – markets for home prices in 2021

A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images. The coronavirus pandemic has changed not only how we live but
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Sheer magnetism: Gamma Biosciences to acquire BioMagnetic Solutions

Cellicon Valley · Moderna has the capacity but cannot guarantee the supply of COVID-19 vaccine · Fujifilm $2bn US expansion plan to triple global
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Marvel's Secret Invasion Working Title Reportedly Revealed

A new report seems to have uncovered a production company covertly working on the upcoming Marvel Studios Disney+ program Secret Invasion. By
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Elon Musk's fortune could save the planet by buying us time to get off fossil fuels

Musk had a good year, his fortune leaping by tens of billions of dollars as the share price of Tesla skyrocketed. His fortune now just pips that of
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Peapack-Gladstone Bank Promotes Gregory M. Smith, President of Commercial Banking and …

As Market President and Head of C&I Lending, Stuart Vorcheimer is responsible for leading the Bank's team of commercial private bankers, who are
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Money360 Appoints Tom MacManus as CEO

Money360, a commercial real estate direct lender, today announced that Tom … Money360's focus on certainty of execution, loan structuring flexibility,
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Carlyle's credit crew: Meet 14 people leading the PE giant's $53 billion lending division that's been …

The Carlyle Group's lending division has been a major focus of the firm's CEO, Kewsong Lee. The credit team has more than doubled its assets under
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Financing Options for Builders Looking to Grow Their Operations

Given that U.S. housing has emerged as a bright spot in the global economy, Whelan says her firm is seeing interest from financial and real estate
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Dave Grohl Recalls Gift from Axl Rose After Lending Rose His Guitar Throne

Axl Rose so appreciated Dave Grohl lending him a “guitar throne” to make it through Guns N' Roses' 2016 tour that Rose gifted Grohl a special item.
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The Pipeline: Commercial real estate roundup for 1.22.21

The Pipeline: Commercial real estate roundup for 1.22.21

1: Ministerio Palabra Viva purchased 7,200 square feet at 7401 Taw St. in Chesterfield for $727,500 from Byrd Properties. Kevin Cox of Porter Realty
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hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs – Senate.gov

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet REMOTELY to conduct a hearing on the following nominations: The
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Real Estate Investors Look To The Office Industry

Real Estate Investors Look To The Office Industry. Colliers' Global Capital Markets 2021 Investor Outlook indicates that Asia-Pacific real estate investors
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Greater Lowell real estate market red hot

Ray Boutin, a real estate agent since 1993, knew the $450,000 home would generate strong interest. But strong doesn't describe what happened next.
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30-year fixed mortgage rates take a tiny dip, says Freddie Mac

The gap with Freddie Mac's number is because Bankrate's figure includes points and origination fees averaging 0.32 percent, while Freddie's number
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Fifth Third CEO 'very concerned' about fintechs

Plaid, which aggregates consumers' banking data and feeds it to other fintech firms such as Venmo, has drawn ire from other traditional banks over data
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Vatican Bank's Ex-President Convicted of Embezzlement, Money Laundering

Vatican Bank's Ex-President Convicted of Embezzlement, Money Laundering. The Vatican court sentenced Angelo Caloia and his lawyer to almost nine
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FBI agents make arrest at home owned by Pa. banking secretary: Here's the latest

Federal agents on Thursday morning arrested Mikael Laferla at a Philadelphia home owned by Pennsylvania Banking and Securities Secretary
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Mortgage rates break a rising trend and edge lower — as Biden administration pushes $1.9-trillion …

21, down two basis points from the week prior, Freddie Mac FMCC, -1.35% reported Thursday. The 15-year fixed-rate mortgage also fell two basis
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First glimpse of the Biden market

… government loan guarantors like Fannie Mae, Freddie Mac and the rural housing service. That will help keep housing stable through the pandemic,
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National Bank of Arizona honors Deborah Bateman for 50 years in banking

After graduating from Mesa Community College in 1971, Bateman started her career as a teller at a local bank. Since that time, she has distinguished
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Biden team lays groundwork to reverse Trump-era banking policies

Some legal experts believe the memo will not apply to federal bank regulators that largely operate without interference from the White House.
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Northpointe Bank and Seeds of Promise Partnership Helps Homeowners Repair and Improve …

Northpointe Bank, headquartered in Grand Rapids, Michigan, is a client-focused company that provides home loans and retail banking products to
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Florida bank says it has closed Trump's accounts

“We no longer have any depository relationship with him,” said Banks United, without giving reasons for its decision to shutter the accounts.
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Why do I need a real estate agent?

Why do I need a real estate agent? · Below is a sponsored content article from the Josh Vernon Group. “I am not the smartest, but I surround myself with
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Turk & Company Expands Core Team and Staff

DENVER, Jan. 21, 2021 /PRNewswire/ — Due to increased demand for use of its Mergers and Acquisitions title insurance agency and underwriter
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John Marshall Bank Hires Eddy Llorentis as Branch Manager in Arlington, VA

… to provide and execute business development strategies for the company. … Services, Property Management Companies, and Title Companies.
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Jeremy Lin chasing dying NBA dream while spurning fame, fortune and a prolonged career in China

Jeremy Lin chasing dying NBA dream while spurning fame, fortune and a prolonged career in China. Lin's one last 'crazy' shot at the NBA likely to
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Balan Wonderland Is Getting a Demo Next Week – Here's What to Expect

This creative looking title is being co-developed by Balan Company and Arzest and published by Square Enix. The game is notable for its director and
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Business travel will 'snap back' sooner than people think: real estate finance CEO

Willy Walker, the chief executive and chairman of commercial real estate financing company Walker & Dunlop (WD), said he believes business travel
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Art Basel Has Postponed Its Namesake Fair Yet Again

Art Basel Has Postponed Its Namesake Fair Yet Again

Art Basel is traditionally the final stop on the spring/early summer global art buying tour. Art Basel showcases 290 of the world's leading galleries,. The
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10 real estate sales in Wilton: One over $10 million

Wilton real estate ends December, and begins January with 10 sales. Contributed photo. The following property transactions were recorded in the office
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IBM revenue slide continues in Q4 2020

The Global Technology Services unit came up with $6.57 billion in revenue, which was down 6% and below the $6.92 billion FactSet consensus.
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Late Bid Unlikely to Stop Church Purchase of Tower Theatre, Experts Say

An escrow agent, usually a title company, receives the funds to purchase a property and holds it until the sale is completed. Escrow is when a buyer
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Real estate: Huge NetApp campus in Sunnyvale goes on sales block

Savills, a commercial real estate firm, has circulated a flyer offering the four-building campus to prospective buyers. The Class A office campus is being
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Military Robots Market Size to Reach USD 25.66 Billion by 2027; Increasing Deployment of …

… Aerial Robots to Encourage Growth, states Fortune Business Insights™ … states Fortune Business Insights, in a report, titled “Military Robots Market
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Kansas City Chiefs eager for AFC title game, with or without Patrick Mahomes

… that list of greats includes Mahomes, Tom Brady and Aaron Rodgers, Allen is in select company. He doesn't get distracted by comparisons, though.
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New Research Reveals Bank and Credit Union Plans for Replacing Core Systems in 2021

Cornerstone's soon-to-be published What's Going On In Banking 2021 study reveals that one in 10 banks and one in eight credit unions plan to
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Truist reports Q4 profit, continues merger-related job cuts, branch closures

The bank also announced enhancements to its two legacy mobile banking apps. It plans to pilot new features such as personalized financial insights
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Dollar Bank to Open Four New Office Locations in Hampton Roads, Virginia

Our new offices reflect Dollar Bank's “branch of the future” concept, allowing transactions to be accomplished with a banker or using Personal Teller
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The Property Line: Biden Housing Plans Include Down Payment Help

According to a 2018 report from Freddie Mac, the United States had 2.5 million housing units “below what is needed to match long-term demand.”
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Federal Banking Agencies Issue FAQs on Suspicious Activity Reporting

The agencies issued the FAQs at the recommendation of the Bank Secrecy Act Advisory Group, of which ABA is a member. The FAQs clarify existing
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US housing starts, building permits accelerate

The 30-year fixed mortgage rate is around an average of 2.79%, according to data from mortgage finance agency Freddie Mac. Starts for the volatile
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North Phoenix Community Trades for $24M

… paid $15.5 million for Paseo 51, a 116-unit community in Glendale, Ariz. NorthMarq provided a 10-year, $12.4 million Freddie Mac acquisition loan.
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S&P 500 and Nasdaq indexes reach new highs; home construction jumped almost 6% in Dec.

Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77 percent from 2.79
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GSE multifamily hits record in 2020 that current caps disallow in 2021

Freddie Mac on Wednesday joined fellow government-sponsored enterprise Fannie Mae in reporting record multifamily mortgage volume in 2020 that
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Mortgage provider Caliber Home Loans revives $345 million IPO with new blank filing

Caliber Home Loans, a residential mortgage producer and servicer, revived its IPO plans on Thursday with a blank filing after postponing its $345
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Residential Construction at 14-Year High

Freddie Mac reported the 30-year fixed-rate mortgage averaged 2.77% for the week ending January 21 while the 15-year fixed-rate mortgage
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Mortgage Rates Slip

Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 2.77 percent for
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CDC Director Will Extend Federal Eviction Moratorium Until March 31

… extending the foreclosure moratorium further and continue forbearance applications for all loans guaranteed by Fannie Mae and Freddie Mac.
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Mobility SPACs crushed the S&P 500 in 2020, but experts say investors should watch out for these …

Mobility SPACs crushed the S&P 500 in 2020, but experts say investors should watch out for these …

SPACs, which raise money from investors with the sole intention of buying another company, offer startups a faster and easier path to the public markets
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Mortgage 1 launches new app for fast mortgage closings

Mortgage 1, a Michigan-based mortgage lender, has launched a new application to assist homebuyers electronically sign (eSign) mortgage-closing
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Specialist Mortgage web shows set to return

Run by Specialist Financial Services, the company is a provider of specialist financial products for mortgage brokers, independent financial advisers and
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Rapid Price Growth, Rising Mortgage Rates May Deter US Home Sales

“We saw mortgage rates tick up last week, and if they continue this new course as we expect, affordability is likely to become a bigger challenge for
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Louisiana Housing Corporation — Moody's assigns Aaa to LHC's Mortgage Revenue Bds. Series …

The proceeds from the Series 2021B Bonds will be used to finance the purchase of mortgage-backed securities. PROFILE. Formerly Louisiana Housing
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Canada mortgage agency says it can withstand 37% home price drop, 24% unemployment rate

CMHC, which insures mortgages with down-payments of less than 20%, did not reveal the total number of underwater loans. Canadian home prices
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Mongolian Mortgage Corp pulls bond amid political turmoil

Mongolian Mortgage Corp's (MIK) dollar bond market return was halted on Thursday after pandemic related protests forced the country's prime
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Does refinancing a mortgage hurt your credit?

If you've been keeping an eye on falling mortgage refinance rates, you might be considering what impact refinancing can have on your wallet and
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Merchants Capital Enters Tax Credit Equity Market with Launch of Syndication Platform, Closes …

Whether you are considering Freddie Mac, Fannie Mae, HUD/FHA insured, balance sheet, or tax credit equity financing, let our personalized services
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People's United Bank Announces Decision Not to Renew Existing In-Store Branch Contracts with …

The Stop & Shop relationship has provided meaningful value to the Bank and its customers over the years. However, customer banking preferences and
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Luxury short-term rental real estate development group aims to share the wealth

The Shared Estates Asset Fund is described on its website as a “vertically integrated, carbon-neutral real estate redevelopment and rehabilitation
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MLW Announces Two Big Title Matches Set For The Next Two Weeks

This week on MLW Fusion, the company announced three major events … This comes after Vega called Holliday a thief after he took the title without
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Florida-based homebuilder Dream Finders Homes prices IPO within the range at $13

The company focuses on single-family entry-level, first-time move-up and second-time move-up homes. It also offers title insurance and mortgage
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Wheel of Fortune Slots Zone capitalizes on industry trend

The space is home to more than 40 of International Game Technology's iconic Wheel of Fortune slot machines, including both new and legacy themes
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Women Leaders in Virtual Real Estate

Women make an incredible difference in the often male-dominated real estate industry. At MyOutDesk, we know this, and we celebrate women in the
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Shifting Priorities: The Rise of Alternative Real Estate

According to Zain Jaffer, founder & CEO of Zain Ventures, the past decade has seen an emergence of new types of real estate assets and investment
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Amazon offers Biden help in vaccine distribution

Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77% from 2.79% last
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Preeclampsia Diagnostics Market Worth USD 2.52 Billion at 11.0% CAGR; Increasing Healthcare …

Fortune Business Insights™ lists out the names of all the renowned preeclampsia diagnostics providers operating in the global market. They are as
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Webinar addresses the changing real estate transaction

“I really feel the title company platforms should be sure to be inclusive of the connection with the Realtors,” Donovan said. “We did have a problem last
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Let's talk real estate: Financially prepare to buy a home

Let's talk real estate: Financially prepare to buy a home · Downpayment Your lender will require a downpayment to secure a home loan. · Closing costs.
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Real Estate Trailblazer Opens Shelburn Realty Corp in Los Angeles

Real Estate Trailblazer Opens Shelburn Realty Corp in Los Angeles

Kevin Shelburn, a longtime commercial real estate agent who oversaw over $3B of high-quality retail properties at his former employer, has formed
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Real Estate Transactions: Jan. 22, 2021

Real Estate Transactions: Jan. 22, 2021. Previous; Next. Previous; Next. Published: 1/21/2021 3:17:53 PM. ATHOL. Paul W. Eysie to Francis X. Savoy.
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Where to invest in real estate: The 10 hottest tech meccas beyond Silicon Valley

This article is part of Fortune's quarterly investment guide for Q1 2021. The nation is 10 months into a forced work-from-home experiment, and for most
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A new president takes on one of the biggest vaccine challenges in history

I actually had the pleasure of discussing some of these issues on our latest Fortune Brainstorm podcast about the vaccine rollout. The conversation
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REAL ESTATE TRANSACTIONS in Northeast Florida

REAL ESTATE TRANSACTIONS in Northeast Florida. Anne Hammock. Florida Times-Union. The Amenity Center at GreyHawk, a master-planned
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M&T Bank reports 'significant increase' in bad real estate loans

“I view this as a normal progression when you're in one of these economic cycles.” Our Real Estate Daily newsletter provides the top industry headlines
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The Strong Dollar

American consumers feasted on it, buying imported goodies for less. … Even the global financial crisis of 2008 strengthened the dollar, as investors
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Black Knight enhances Loansifter

Black Knight Inc. recently deployed an enhanced version of its Loansifter Product, Pricing and Eligibility engine, the company announced.
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Notarize names chief commercial officer

Notarize founder and CEO Pat Kinsel said the company looked to reinforce its culture, build its executive team, its next phase of growth and expansion
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How Bitcoin is helping middle-class users survive the pandemic

In 2017, he started freelancing for international clients that paid him in Bitcoin. … Buying Bitcoin could be considered a form of gambling. Indeed, many
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New Alliance Partner for ACA Members

DCAP Claims is the newest member of ACA International's Alliance ACA … collection and asset buying industries by developing strategic alliances.
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Better Buy: GE vs. Honeywell

Probably, but they do help to frame the discussion around buying General Electric (NYSE:GE) versus Honeywell International (NYSE:HON) stock.
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Watch Christine Lagarde speaking after the ECB's latest policy move

Investors will likely look out for any comments from Lagarde on euro zone inflation, which is closed, if not at, record lows. On top of that comes the
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Splatoon 3 Would Be the PERFECT 2021 Summer Title

Its co-op horde mode Salmon Run was a great idea that was present at launch, but it was caught in a fairly iterative sequel for many months. By the
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Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life

Authentic Brands Group, a firm that buys the rights to distressed brand … However, PYMNTS recent Global Digital Shopping Index found that many
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Queenstown's reversal of fortune

Property values in Queenstown were rattled by the Covid storm but new analysis by CoreLogic reveals those lockdown losses have now been
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REX Selects Qualia to Expand into Home Closings

The company offers a suite of products that brings together homebuyers and sellers, lenders, title & escrow agents and real estate agents onto one
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Bankruptcy court approves the $801M sale of NPC International

The company closed about 300 of its Pizza Hut units to help pave the way for a sale and sought $725 million from buyers. FRG is buying Wendy's units
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High School Boys: Sting seeking a reversal of fortune

High School Boys: Sting seeking a reversal of fortune. Yellow Medicine East is eager to improve from one-win showing in 2019-20. Written By: Patrick
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StageFront Signs Ticketing Partnership for International Champions Cup

“If you're seeing that everyone is buying instantly on the secondary market, you're probably underpriced. And what search terms are being used?
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Flagstar's 4Q earnings slip as mortgage records a lower gain on sale

Flagstar's 4Q earnings slip as mortgage records a lower gain on sale

The fourth quarter was the second-best ever for earnings at Flagstar Bancorp, but its mortgage business had lower revenue compared with the prior
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Aid available for rent and mortgage

The Rent and Mortgage Relief Program is a new program that uses money given to Virginia for the CARES Act to help both tenants and landlords
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Industrial Real Estate 2021 Expectations

The global health crisis challenged the U.S. economy and created uncertainties across all commercial real estate sectors. But despite the COVID-19
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Top of Mind Launches Mortgage Marketing University to Help Mortgage Professionals Expand …

Free online curriculum covers mortgage marketing basics, from building a lead-gen strategy to creating compliant content. ATLANTA, Ga., Jan.
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Your Legal Questions: Lease; mortgage

Your Legal Questions: Lease; mortgage. FOX 26 Senior Legal Analyst Chris Tritico answers viewers' legal questions. Posted just in. Facebook; Twitter
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Amerifirst Financial Expands Bilingual Mortgage Services Division

Before that, he held the position of Divisional President of Prospect Mortgage and was Senior Vice-President, Florida Head of Mortgage for Fifth Third
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CBC Mortgage Agency Supports HUD's DACA Policy Update

CBC Mortgage Agency Supports HUD's DACA Policy Update. HUD announces that homebuyers classified under DACA can apply for FHA mortgages. —
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Bankruptcy – Mortgage – Consideration

Where a debtor filed an adversary complaint seeking to have a creditor's note and mortgage declared invalid, a U.S. Bankruptcy Court judgment in
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VanDyk Mortgage Center will open with Muskegon Lakeshore Home, Garden and Boat Show in April

The Muskegon Lakeshore Home, Garden and Boat Show will be held April 16 and 17 at the VanDyk Mortgage Convention Center. This video file cannot
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Eye on the Industry: Mortgage Company Promotions and Additions

Mid America Mortgage, Amerifirst Financial Corporation, and ReverseVision recently announced department expansions and new and promoted
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Top of Mind Launches Mortgage Marketing University to Help Mortgage Professionals Hone Their …

“Mortgage Marketing University introduces key concepts of mortgage marketing. Experienced practitioners can use MMU to test their knowledge, while
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8 tech stocks to buy for 2021

This article is part of Fortune's quarterly investment guide for Q1 2021. Even the casual market observer could recognize that 2020 was all about the tech
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Economic Uncertainty Could Mean More Real Estate Options For Burgeoning Businesses

DENVER (CBS4)– “For Lease” signs are popping up all over the Denver metro area, and that may be an indicator of how the economy is recovering.
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Avanze Group adds vice president

The company said she will play a key role as a senior leader in the … “Lisa's extensive experience in the title and settlement technology offerings will
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Escambia County deadline approaches for 2% discount on real estate and property taxes

Escambia County Tax Collector, Scott Lunsford, is reminding citizens that the 2% discount for payments on real estate and tangible property taxes
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Zillow fixes glitch that caused some real estate agents' sales to disappear

Zillow shows property listings from around the country and has grown into a major force in the industry. It says it's the most visited real estate website in
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Facebook passes the buck on decision to ban Trump to its new Oversight Board

The company told Fortune that deciding which cases should go to the board is done at its own discretion. But generally speaking, Facebook selects
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RealtyFeed is crowdfunding a 'disruptive social network' for real estate

RealtyFeed is crowdfunding a 'disruptive social network' for real estate. Looking for a minimum of $25K, RealtyFeed is a product of technology company
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Hays County's real estate market soared in 2020

Despite a spring slowdown, real estate sales in Hays County saw double-digit increases in volume and price in 2020. (Courtesy Adobe Stock).
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GTX Corp Signs Collaboration Agreement with Pawtocol

GTX offers a global end-to-end solution of hardware, software and … The company has international distributors servicing customers in over 35
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